Shiba Inu Price Eyes $0.00003000 Resistance Amid Bitcoin Surge

The Shiba Inu price is poised to test a critical resistance level near $0.00003000, driven by Bitcoin’s potential strength in the market. As Bitcoin shows signs of upward momentum, an analyst predicts that SHIB could rally toward this key mark, signaling a possible turning point.

Analyst Charts Potential Path for Shiba Inu Price

This optimistic outlook comes from a technical analysis shared on the platform X by market watcher StrongHedge. The forecast hinges significantly on Bitcoin, the crypto market’s leader, continuing its own upward push. 

“Running with $BTC leg up – expecting a LH into 3000 tops,” the analyst wrote, suggesting Shiba Inu could ride Bitcoin’s coattails. The target, $0.00003000, isn’t just a round number. 

According to the chart provided by the market watcher, this level represents a confluence of potential barriers for the Shiba Inu price. It aligns with a horizontal resistance area where selling pressure previously halted advances. 

It also sits near a descending trendline that has capped major rallies since April 2024. The analyst marked this intersection with an ‘X’, highlighting it as a likely area of significant resistance or a potential peak for this anticipated move.

The chart also shows the Shiba Inu price recently finding stability around the $0.00001241 to $0.00001365 support zone. This area is situated above a broader range labeled “Accumulation,” where SHIB traded sideways for much of late 2024 and early 2025 before its last major surge. 

However, the analyst also noted the expectation is for a “lower high” (LH). This implies that even if SHIB reaches the $0.00003000 target, it would still be below the higher peaks seen earlier in 2024, suggesting the longer-term downtrend might remain intact. 

While analysts speculate on future price levels, the immediate market picture on Monday morning offered its own insights.

Shiba Inu Trading Volume Jumps Significantly Despite Modest Price Gains

Shiba Inu demonstrated continued positive market activity during mid-morning trading, though the standout metric was a sharp increase in trading volume. As of 8:24 a.m. ET, the popular dog-themed cryptocurrency traded at $0.00001382. This represented a relatively modest 1.30% increase on the day.

What caught traders’ attention, however, was the significant surge in market participation. Shiba Inu’s 24-hour trading volume experienced a substantial 18.16% jump, reaching $208.82 million.

Such a pronounced increase in volume, especially accompanying even slight price gains, often signals heightened interest. It suggests more capital is flowing through the asset, potentially laying the groundwork for more significant price moves or indicating active position-taking by market participants.

Reflecting the slight price increase, SHIB’s total market capitalization also edged higher, rising by 1.43% to settle at $8.15 billion.

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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.